FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 113.48/113.60 and upper border is 113.70/113.60. The pattern width is measured on the chart at -22 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 113.45.

According to the chart of M15, AUDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 113.04 while the median line of the Neck is set at 113.68/113.58. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of AUDJPY will go towards 113.81.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 113.44 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -26 pips.

The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 113.40; the projection of the flagpole height is equal to 43 pips. In case the price breaks out the pattern’s bottom of 113.40, the downtrend is expected to continue for further level 113.25.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 113.92/114.15 whereas the upper border goes across 114.31/114.15. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 114.30.